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888 Holdings Share Price Hits a One-Year High

By Ben HobsonStock MarketsNov 04, 2020 09:51
uk.investing.com/analysis/888-holdings-share-price-hits-a-oneyear-high-200449272
888 Holdings Share Price Hits a One-Year High
By Ben Hobson   |  Nov 04, 2020 09:51
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Shares in 888 Holdings are currently trading close to a 52 week high, with the share price up by around 1.50% to 270.705 over the past week. On a one-month basis, the 888 Holdings price has risen by 2.27%.

For investors holding the stock (or considering buying it), the question is: what now?

52 week highs are a popular market indicator. But research shows investors can be left wondering whether to sell the stock and take a profit or buy more and ride the uptrend. With this in mind, here’s a primer on what you should know about stocks hitting ‘new highs’...

What happens when a share hits a new high?

52 week highs are always good news. But surprisingly, the prices of high performing shares can be slow to move when they publish positive earnings news.

Research shows this happens because investors are cautious about bidding high performing shares any higher (even if they deserve it). Psychologists call this anchoring. As humans, we tend to take our time when it comes to changing our opinions in the face of new information - even when it's good news.

This emotional tug-of-war often ends with the ‘new high’ stock drifting higher in price over the coming weeks and months. The upward trend is called “post earnings announcement drift”. As the news sinks in, momentum takes over and the price moves higher.

A look at 888 Holdings’s StockReport could offer more insight into what’s driving the momentum in its share price - and whether that might continue.

What does this mean for potential investors?

With 888 Holdings trading close to a 52 week high, it’s possible that investors in the market are uncertain about where the price will move next. It's important to remember that momentum on its own is no guarantee of future returns.

To get a better idea about whether this trend will continue, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with 888 Holdings that you can find out about here.

Alternatively, if you'd like to find more shares that are trading close to new highs, you can find them on this 52 Week Highs screen.

Disclaimer: These articles are provided for information purposes only. The content is not intended to be a personal recommendation. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. The author has no position in the stocks mentioned, unless otherwise stated.

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888 Holdings Share Price Hits a One-Year High
 

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888 Holdings Share Price Hits a One-Year High

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Disclaimer: This content should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
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